Expensive
Affordable
Affordable
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These days, finding an affordable place to live in the Commerce area can be challenging. Home prices in Commerce are now at a median cost of $269,700, higher than the Mississippi average of $183,008.
The average cost of rent is $1,088/mo in Commerce, primarily driven by the current value of real estate in the Commerce area. In Commerce, 87.75% of households rent, and 30.11% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Commerce is $3,797 per month. Households that rent pay about 28.66% of their income on rent here. Commerce’s most expensive areas are in the central regions, while the cheapest areas are in the central parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Hollywood, MS: less expensive homes
- Robinsonville, MS: less expensive homes
- Tunica Resorts, MS: equally priced homes
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- Bruins, AR: less expensive homes
- Clack, MS: less expensive homes
- Horseshoe Lake, AR: less expensive homes
- Prichard, MS: less expensive homes
- Whitehall, AR: less expensive homes
- Seyppel, AR: less expensive homes
Cities with Similar Populations
- McGaffey, NM: less expensive homes
- Popple River, WI: less expensive homes
- Point Mugu Nawc, CA: higher priced homes
- Point Breeze, NY: less expensive homes
- Pleasanton, NM: less expensive homes
- Pinder Hill, AL: less expensive homes
- Pentecost, MS: less expensive homes
- Morris Corner, ME: less expensive homes
- Mills, UT: higher priced homes
- Mikkalo, OR: less expensive homes
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